Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
No. of Recommendations: 14
Trump’s tariffs on foreign steel increased the amount of steel imported. Despite Trump’s tariffs, total steel imports are up 3.6% year to date compared to 2024 according to the American Iron and Steel Institute.
Trump’s tariffs have reduced American steel production. Adjusted year-to-date output through May 24 was 36,287,000 net tons, down 0.5 percent from the same period last year.
Trump’s tariffs on steel have raised prices on American goods from cars to computer mainframes. NUCOR, America’s largest steelmaker, raised its prices a stunning 38.5%, from $675/ton to $935/ton in the past year to March 2025. As steel is central to US production in all industries, these hikes are a big factor in inflation, adding 1.7% to prices throughout the economy, according to a Yale University study. This will cost the average American family $2,800 if the tariffs continue through the year.
And the biggest shocker: Trump’s tariffs are costing American steel jobs. Despite Trump’s punitive tariffs, steel employment in the USA has flatlined and massive layoffs have been announced. In March, with Trump imposing the highest tariffs in a century, Cleveland-Cliffs, one of America’s largest steel producers, announced over 1,200 steelworkers will be laid off in Michigan and Minnesotahttps://hartmannreport.com/p/the-great-american-ta...Trump must be getting something out of these tariffs, because the United States surely isn’t.
No. of Recommendations: 0
Trump must be getting something out of these tariffs, because the United States surely isn’t.
If the steel companies ram a big enough (NEVER "big enough") bar up Spankee's butt, ANYTHING could come out (so beware if anywhere in its vicinity).
No. of Recommendations: 1
They were very damaging. And pointless, as any student of history would know (i.e. we tried this before, and it didn't work then, either).
But last week I thought most/all of the tariffs were lifted because he didn't have the authority to levy them.
https://www.theguardian.com/commentisfree/2025/jun...Having ruled that Trump’s worldwide tariffs are illegal, the court deemed his “trafficking tariffs” imposed on Canada and Mexico also lawless. So there shouldn't be any tariffs anymore.
No. of Recommendations: 3
So there shouldn't be any tariffs anymore.
Somebody neglected to tell Trump.
No. of Recommendations: 1
I may be naive, but if I knew there was an order saying they were illegal, and it was my job to implement some part of them, I would stop. I'm assuming that if I were to continue, I would be violating the court order. I'm not going to jail for my job.
No. of Recommendations: 2
I may be naive, but if I knew there was an order saying they were illegal, and it was my job to implement some part of them, I would stop. I'm assuming that if I were to continue, I would be violating the court order. I'm not going to jail for my job.
They’ve lost their fear of federal courts. Who is there to arrest them if they thumb their noses at a court order?
No. of Recommendations: 2
But last week I thought most/all of the tariffs were lifted because he didn't have the authority to levy them.
These are different tariffs, imposed under a different grant of statutory authority.
No. of Recommendations: 1
I’m waiting for the new theory to come out on how he can institute tariffs, or restrict trade on groups of items from specific countries, etc. I expect at some point for there to be justification for something sounding eerily like a trade pac with planes, golf courses, and bitcoin in abundance.
